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Bikaji Foods International announces financial results for Q4 & FY24
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Monday, 27 May, 2024, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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Bikaji Foods International Limited (Bikaji), India’s third largest ethnic snacks manufacturer and the second fastest growing company in the Indian organised snacks market, announced its financial results for the fourth quarter and year ended March 31, 2024.
Financial Overview
Q4FY24 Financial Performance Summary:
- Revenue from operations grew 12.8% YoY to Rs. 5,208 mn with Volume growth of 14.3 % YoY (excluding PLI)
- EBITDA grew 10% YoY to Rs. 682 mn with a margin of 13.1% (excluding PLI)
- Profit After Tax (PAT) grew YoY to Rs. 466.5 mn (excluding PLI)
- Earnings per share (EPS) (Basic) stood at Rs. 4.64
Q4FY24 Business Segments Review:- Ethnic Snacks: Revenue grew by 10.8% YoY; constitutes 73.5% of overall revenue
- Packaged Sweets: Revenue grew by 12.7% YoY; constitutes 8.2% of overall revenue
- Western Snacks: Revenue grew by 14.6% YoY; constitutes 8.6% of overall revenue
- Papad: Revenue grew by 23.4% YoY; constitutes 8.6% of overall revenue
FY24 Financial Performance Summary:
- Revenue from operation grew 13.8% YoY to Rs. 22,344 mn with Volume growth of 15.3% YoY (excluding PLI)
- EBITDA grew YoY to Rs. 2,983 mn with a margin of 13.3% (excluding PLI)
- Profit After Tax (PAT) grew YoY to Rs. 1,938 mn (excluding PLI)
- Earnings per share (EPS) (Basic) stood at Rs. 10.63
- FY24 Business Segments Review:
- Ethnic Snacks: Revenue grew by 13.5% YoY; constitutes 69.5% of overall revenue
- Packaged Sweets: Revenue grew by 14.3% YoY; constitutes 13.4% of overall revenue
- Western Snacks: Revenue grew by 13.3% YoY; constitutes 8.2% of overall revenue
- Papad: Revenue grew by 10.2% YoY; constitutes 6.1% of overall revenue
Deepak Agarwal, managing director, Bikaji Foods International Limited, said, “We are delighted to inform all our stakeholders that our company has demonstrated strong performance across all the categories. This financial year, we have delivered a remarkable volume growth of 15.3%. On the bottom-line front, our EBITDA margin for the year stands at 16.8% which is led by reduction in commodity prices, superior mix, operating leverage and effective cost management. We remain committed on strengthening our distribution network to achieve a deeper distribution across our core and focus markets.”
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